Management report, Flint River Technical College, Thomaston, Georgia, an organizational unit of the state of Georgia, year ended June 30, 2001

STATE OF GEORGIA DEPARTMENT OF AUDITS AND ACCOUNTS
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MANAGEMENT REPORT

FLINT RIVER TECHNICAL COLLEGE THOMASTON, GEORGIA

AN ORGANIZATIONAL UNIT OF THE STATE OF~'?~<itf't: 1"'

YEAR ENDED JUNE 30, 2001

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Russell W. Hinton
State Auditor

FLINT RIVER TECHNICAL COLLEGE MANAGEMENT REPORT - TABLE OF CONTENTS -

LETTER OF TRANSMITIAL

SELECTED FINANCIAL INFORMATION

EXHIBITS

A ANALYSIS OF CHANGES IN FUND BALANCE

BUDGETFUND

1

SCHEDULESOFFUNDSAVAILABLEANDEXPENDITURES

COMPARED TO BUDGET

BUDGET FUND

B

"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION

2

C

"B" LOTTERY FOR EDUCATION

3

D RECONCILIATION OF SALARIES AND TRAVEL

4

RussELL W. H1NTON
STATE AUDITOR
(404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street. S.W.. Suite 214 At!Jnta. Georgia 30334-8400
November 2, 2001

Honorable Roy E. Barnes, Governor Members of the General Assembly of Georgia Members of the State Board of Technical and Adult Education Members of the Local Board of Directors
and Honorable Kathy Love, Interim President Flint River Technical College
Ladies and Gentlemen:
As part ofour audit ofthe statutory basis financial statements ofthe State ofGeorgia presented in the State ofGeorgia Report ofthe State Auditor, the general purpose financial statements ofthe State of Georgia presented in the State ofGeorgia Comprehensive Annual Financial Report, and the issuance of a Statewide Single Audit Report pursuant to the Single Audit Act Amendments, as of and for the year ended June 30, 2001, we have performed certain audit procedures at Flint River Technical College. Accordingly, the financial statements and compliance activities of Flint River Technical College were examined to the extent considered necessary in order to express an opinion as to the fair presentation of the financial statements contained in the foregoing documents and to issue reports on compliance and internal control as required by the Single Audit Act Amendments of 1996.
This Management Report contains information pertinent to the financial and compliance activities of Flint River Technical College as of and for the year ended June 30, 2001. The particular information provided is enumerated in the Table of Contents.
This report is intended solely for the information and use ofmanagement and members ofthe Local Board ofDirectors ofFlint River Technical College and is not intended to be and should not be used by anyone other than these specified parties.
Respectfully submitted,
~ ~-~~ ssell W. Hinton State Auditor
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SELECTED FINANCIAL INFORMATION

FLINT RIVER TECHNICAL COLLEGE ANALYSIS OF CHANGES IN FUND BALANCE
BUDGET FUND YEAR ENDED JUNE 30, 2001

EXHIBIT"A"

FUND BALANCE - JULY 1, 2000 Reserved Surplus
ADDITIONS Adjustments to Prior Year's Accounts Payable Excess of Funds Available over Expenditures Exhibit "B" Exhibit "C"
DEDUCTIONS Unreserved Fund Balance (Surplus) Returned to Georgia Department of Technical and Adult Education - Administrative Central Office Year Ended June 30, 2000 Adjustments to Prior Year's Accounts Receivable Refunds to Grantors Federal Financial Assistance Georgia Department of Technical and Adult Education - Administrative Central Office Reserved Fund Balance Carried Over from Prior Year as Funds Available
FUND BALANCE - JUNE 30, 2001
SUMMARY OF FUND BALANCE Reserved Federal Financial Assistance For Continuation of Program Inventories Live Work Projects Local Grants and Contracts
Surplus
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"A" DEPARTMENT OF
TECHNICAL AND ADULT EDUCATION

"B" LOTTERY FOR
EDUCATION

$

344,202.60

320.07 $

0.00

$

344,522.67 $

0.00

$

1,796.94

29,569.03

$

0.00

$

31,365.97 $

0.00

$

320.07 $

0.00

-9,556.88

476.25

281,914.22

$

273,153.66 $

0.00

$

102,734.98 $ ========0.==00=

$

6,733.58

61,812.13

33,917.30

271.97

$

102,734.98

0.00 $

0.00

$

102,734.98 $

0.00

======

FLINT RIVER TECHNICAL COLLEGE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"A" DEPARTMENT OF TECHNICAL AND ADULT EDUCATION YEAR ENDED JUNE 30, 2001

EXHIBIT"B"

FUNDS AVAILABLE REVENUES
State Appropriation Federal Revenues Other Revenues Retained
CARRY-OVER FROM PRIOR YEAR Transfer from Reserved Fund Balance
EXPENDITURES Personal Services-Institutions Operating Expenses-Institutions Capital Outlay Adult Literacy Grants
Excess of Funds Available over Expenditures

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 3,513,338.00 $ 3,513,054.58 $

1,195,703.50

814,065.58

1,520,557.00 1,329,030.39

$ 6,229,598.50 $ 5,656,150.55 $

-283.42 -381,637.92 -191 526.61
-573,447.95

0.00

281,914.22

281,914.22

---------- $ 6,229,598.50 $ 5,938,064.77 $

-291,533.73

$ 3,824,639.88 $ 3,690,350.45 $

1,783,706.62 1,603,267.51

212,126.00

212,126.00

409,126.00

402,751.78

134,289.43 180,439.11
0.00 6 374.22

---------- $ 6,229,598.50 $ 5,908,495.74 $

321,102.76

$ 29,569.03 $ ===29=,5=6=9=.0=3

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FLINT RIVER TECHNICAL COLLEGE SCHEDULE OF FUNDS AVAILABLE AND EXPENDITURES
COMPARED TO BUDGET BUDGET FUND
"B" LOTTERY FOR EDUCATION YEAR ENDED JUNE 30, 2001

EXHIBIT"C"

FUNDS AVAILABLE REVENUES
State Appropriation
EXPENDITURES Equipment-Technical Institutes
Excess of Funds Available over Expenditures

BUDGET

ACTUAL

VARIANCEFAVORABLE (UNFAVORABLE)

$ 175,131.00 $ 175,131.00 $

0.00

- - - - - - $ 175,131.00 $ 175,131.00 $

0.00

$

o.oo $ =====o..o....o...

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FLINT RIVER TECHNICAL COLLEGE RECONCILIATION OF SALARIES AND TRAVEL
YEAR ENDED JUNE 30, 2001

EXHIBIT"D"

Totals per Annual Supplement
Accruals June 30, 2000 June 30, 2001

SALARIES

TRAVEL

$ 3,238,252.70 $ 65,681.07

-11,530.79 51636.11

$ 3,232,358.02 $ 651681.07

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